Benin Discovers 87M Barrels Of Oil In Edo Capital

By Ann Brown Published: October 26, 2013, 02:00pm

From Nigerian Bulletin

Edo state government announced the discovery of 87 million barrels of oil off its coast – a tiny amount compared to neighboring Nigeria’s reserves, but one that could boost the small country’s economy.

“We have discovered oil in a significant commercial quantity with Sapetro Company which works on Block 1 of the sedimentary basin off Seme Podji coast,” Energy Minister Barthelemy Kassa reported.

Sapetro is a Nigerian gas exploration and production company.
Sapetro CEO Daisy Danjuma, wife of former Nigerian Army Chief Theophilus Danjuma, said that first commercial oil production will begin in late 2014.

Read more in Nigerian Bulletin.

We Recommend